• partial_accumen@lemmy.world
    link
    fedilink
    arrow-up
    36
    ·
    3 days ago

    I was listening to Bloomberg radio today, which is very much business focused. They aren’t buying the trump administration’s story. In fact their reporting added a couple important points I hadn’t heard elsewhere:

    • Oil prices down are currently way down globally. trump talks about oil companies investing billions, but with the current price of oil, there’s no profit in it for oil companies so they don’t have a reason to. There is currently a global oversupply. Estimates show that it will be anywhere from 8 to 10 years before the oil market will recover enough for Venezuelan oil investments to be worth doing from a business point of view.
    • A number of American companies previously had huge infrastructure investments in Venezuela before all those assets were nationalized by Chavez. So most American oil companies are reluctant to have any further investment right now in the country
    • Bringing additional Venezuelan oil to market will actually hurt American producers. To me this sounds like the same thing trump did to American beef producers by giving money to Argentina, then promising to import Argentinian beef into US markets.
    • The type of oil Venezuela (Orinco Belt) produces is high sulfur (aka “heavy sour” crude). There are only a few refineries in the world that are best suited for this type of oil. The USA has some, but most are in Saudi Arabia.
    • What narcotics (Cocaine) come out of Venezuela don’t come to the USA. They go to Europe. So the USA doesn’t have legal standing on the drug argument because the USA isn’t the recipient of anything Venezuela traffics.

    Lastly, the reporters specifically brought up that this invasion to Venezuela is timed exactly when additional Epstein documents were supposed to be released and that the Venezuela story is consuming new cycles when it would have been Epstein news.

    I was kind of shocked at the clarity of this level of reporting from a main stream source that is business focused.

    • TubularTittyFrog@lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      3 days ago

      the issue is all of assumes Trump is rational. He’s not.

      He does everything for his own ego. He was personally mad at Maduro for not sucking his metaphorical dick. Anyone that does, he loves.

      And most of his inner circle… are similar nutbags. Very little of what they do has any rational thought, it’s just pure egotistical posturing.

      • partial_accumen@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        3 days ago

        And most of his inner circle… are similar nutbags. Very little of what they do has any rational thought, it’s just pure egotistical posturing.

        Its important to call these things out certainly not in defense of trump, but also not to defend Maduro. Maduro is a scumbag, but he’s still the leader of a nation and our Constitution specifically prevents the USA from casually kidnapping the leaders of other nations. All of the other justification trump and his cronies are trying to use is equally wrong in this. I want to let people know that there is no “broken clock right twice a day” situation here. trump is still wrong.

        • TubularTittyFrog@lemmy.world
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          3 days ago

          Where does the constitution prevent that?

          It requires congress to declare war. You don’t need to declare war to conduct military operations, assassinations, or other stuff.

          • partial_accumen@lemmy.world
            link
            fedilink
            arrow-up
            2
            ·
            3 days ago

            You’re right, its not in the Constitution as I had thought. Its a combination of Executive Orders from the Ford administration as well as an interpretation of the 1973 Convention on the Prevention and Punishment of Crimes Against Internationally Protected Persons, of which the USA is a signatory.

  • mycodesucks@lemmy.world
    link
    fedilink
    arrow-up
    6
    arrow-down
    1
    ·
    3 days ago

    What the public thinks stopped mattering altogether in November 2024. If you had an opinion, I hope you expressed it then, because now it’s moot.

  • febra@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    3 days ago

    Well, it’s good for the US ruling class that the US is not a democracy, so whatever the plebs think is irrelevant to the decision making process, whether they’re for it or against it.

  • itisileclerk@lemmy.world
    link
    fedilink
    arrow-up
    1
    arrow-down
    3
    ·
    3 days ago

    Americans are sociopatic killers for money. There is a special place in hell for Americans but they are lucky, god does not exist and they will not be punished. Lucky for rest of the world, with Trump begins the end of USA as we know it. It will happen, in a year, five, ten or more, dollar will colapse and without money US is worthless piece of land.

    • ScoffingLizard@lemmy.dbzer0.com
      link
      fedilink
      arrow-up
      2
      ·
      2 days ago

      That’s like saying North Koreans are assholes. The people without power can’t help that they are slaves. It’s not their fault that Waddle De Fats is a vicious dictator.

      Even the Trumpers here have been misled by media conglomerates controlled by Israeli interests. Nobody is immune to propaganda.